True or False

____1. A state has the right to regulate the activities of a corporation doing business in that state.

____2. The federal governments power to regulate interstate commerce comes from the U.S. Constitution.

____3. All monopolies are illegal.

____4. Congress has almost unlimited power to control business activity.

____5. A sales tax is a form of government regulation.

____6. A mobile home is an example of real property.

____7. The statute of frauds requires that the acquisition of real property be in written form

____8. The right to cut down trees on a neighbors land is called a license.

____9. Real property cannot be transferred to another by a will.

____10. One who rents real property to others is called a landlord.

____11. A tenancy at will is created when a lease ends and the landlord allows the tenant to remain on the premises.

____12. The rights and duties of the landlord and the tenant set out in a lease are known as warranties.

____13. One who transfers title to real property is called the grantee.

____14. A landlord may refuse to rent an apartment to someone with children.

____15. At least two witnesses are required for a will to be valid.

____16. The maker of a will has the right to change it at any time

____17. A landlord is not permitted to enter the tenants premises during the lease term.

____18. The purchase of a home is usually financed by a mortgage.

____19. One who transfers title to real property is called the grantee.

____20. The purpose of a title search is to determine whether there are any claims on real property other than those of the owner.